Grapevine, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)True Texas Education Corporation, founded in 2020, is a small nonprofit in the Public & Societal Benefit sector that reported $303K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $370K exceeded revenue, resulting in a 22% operating deficit.
The corporation is organized and shall be operated exclusively for educational activities within the meaning of Section 501(c)(3) of the Internal Revenue Code. The mission of the corporation is: 1)To teach, continuosly train, and inspire Texas to engage in governments at every level and 2) To help Texans become active participants in their self governance that is established in our Declaration of Independence, by emphasis on historic background, understanding governmental processes, origin documents, and analyzing current events as they relate to Texas citizens.
The Corporation is organized for educational activities. 1. To teach, continuously train and inspire Texans to engage in governments at every level. 2. To help Texans become active participants in...
The Corporation is organized for educational activities. 1. To teach, continuously train and inspire Texans to engage in governments at every level. 2. To help Texans become active participants in their self governance that is established in our Declaration of Independence, by emphasis on historic background, undertanding governmental processes, original documents and analyzing current events as the relate to Texas citizens.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $303,480 | $393,945 | -0.2% |
| Expenses | $370,460 | $383,338 | 0.0% |
| Net Income | $-66,980 | $10,607 | -7.3% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Julie McCarty | Director | 10.00 |
Officer
Director
|
$100,000 | $0 | $100,000 |
| Fran Rhodes | Treasurer | 10.00 |
Officer
Director
|
$100,000 | $0 | $100,000 |
| Fred McCarty | President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Ashley Groff | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Molly Maddux | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $303,480 | $370,460 | $89,145 | $-66,980 |
| 2024 | $393,945 | $383,338 | $159,739 | $10,607 |
| 2023 | $264,988 | $167,028 | $148,202 | $97,960 |
Compare True Texas Education Corporation with other nonprofits in Texas and across the country.